Mayor Marcelino R. Teodoro sought permission of the Commission on Audit to allow the sale at negotiated price of seven LGV lots at a cost ranging from P21,403 to P21,800 per square meter – the prices offered to two buyers four years ago.
The City Committee on Awards recommended a re-bidding, after the offers it received fell below the minimum set by the COA-TSU. However, the re-bidding conducted on March 16, 2017 was also declared a failure. On January 25, 2012, Teodoro filed a supplemental memorandum urging COA to approve the negotiated sale of three lots “subject to the adjustment of the price offered by the current offerors int he amount not lower than the COA Appraisal Value.”
“This Commission recognizes that the failure of the two biddings and the impracticability of a further re-bidding had pulled the trigger for the City of Marikina to conduct a negotiation,” the COA-CP noted.
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